# Oil rebounds as new Iran sanctions fuel more supply concerns

> Oil prices rose on June 16 after the United States announced new sanctions on Iran, adding to supply concerns. Brent settled up $1.30 at $119.81 and WTI rose $2.27 to $117.58. Earlier in the session, interest rate hikes in the US, UK and Switzerland had weighed on sentiment.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: geopolitics · region Iran · magnitude medium
- Page: https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

New sanctions on Iranian crude reduce expected supply, supporting higher energy prices. Costlier fuel and freight add to the cost base for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -2.1% | — |
| WTI | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.2% | -6.7% |
| WTI | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +16.5% | +35.8% |
| WTI | 2026-06-01 | [Oil News: Crude Oil Futures Rebound as OPEC Drop and Iran Risks Fuel Bulls](https://feedsoft.ai/events/19432-oil-news-crude-oil-futures-rebound-as-opec-drop-and-iran-risks-fuel-bulls.md) | +3.5% | -20.5% |
| WTI | 2024-12-13 | [Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran \| Reuters](https://feedsoft.ai/events/27116-oil-up-2-settles-at-3-week-high-as-more-sanctions-loom-on-russia-iran-reuters.md) | -0.2% | +13.0% |
| BRENT | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -4.7% | — |
| BRENT | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.1% | -6.4% |
| BRENT | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +12.3% | +35.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/oil-rebounds-after-steep-drop-underpinned-by-tight-supplies-2022-06-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.